by Athena Paquette | Dec 3, 2016 | Blog, Home Owners, Investors, Realtors
It was a busy week in economic news, and the rates show it. Tuesday we got a revised GDP for October up to 5.3% from 2.9% – wow did the US start producing or what? Such a big jump was not “mortgage interest rate friendly”. Wednesday the ADP payroll number came...
by Athena Paquette | Nov 13, 2016 | Blog, Home Owners, Investors, Realtors
Like me, I’m sure you are glad the elections are over. The night of the elections, the stock market futures lost 800 points, but on November 9th, rebounded. A strong rebound! In fact, investors ran to the stock market, giving it the biggest its biggest increase in one...
by Athena Paquette | Sep 18, 2016 | Blog, Home Owners, Investors, Realtors
Overall it was a quiet week in economic data. August retail sales were down 0.3% t,he August PPI was unchanged, and the weekly jobless claims were up 1000. Collectively that should have helped interest rates come down (bad news is good for rates). The CPI was up...
by Athena Paquette | Aug 26, 2016 | Blog, Home Owners, Investors, Realtors
This week saw rates inch up a little on the rumor, then some words from Fed Chairman Janet Yellen indicating the US economy may be firming up enough to withstand an increase of the Fed Funds rate. So what news backed this up? The first big news was that New Homes...
by Athena Paquette | Aug 20, 2016 | Blog, Home Owners, Investors, Realtors
Another quiet week in the markets, typical for late summer. What could have moved the markets and didn’t were the Consumer Price Index , which was unchanged, and housing starts were up 0.5%, building permits unchanged. So flat, flat, flat. The next day the data for...